Unfazed by a mounting number of uncertainties, Europe’s largest economy has logged better-than-expected growth in the second quarter. Experts said the expansion was mainly driven by domestic consumption.

The German economy grew faster than expected in the second quarter, fresh data from the Federal Statistics Office (Destatis) showed Tuesday.

Gross domestic product in Europe’s powerhouse grew by 0.5 percent quarter on quarter. Compared with the same quarter a year earlier, calendar-adjusted data showed a 2 percent increase.

With more money in their pockets, Germans were willing to spend a lot more on big-ticket items in the second quarter.

Destatis also pointed to larger state spending and an increase in corporate investment in machinery and equipment.

Leading economic institutes had recently lowered their growth expectations for the whole year to just under 2 percent. In 2017, the German economy expanded by 2.2 percent, marking the fastest pace in six years.

Economists have found it hard to factor in any uncertainties related to the outcome of the current Brexit negotiations and growing protectionism in international trade.

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The Ghanaian-German Economic Association (GGEA) is an alliance of Ghanaian and German companies, entrepreneurs, institutions. organisations and individuals with business and commercial interests in the two countries.